Maven CEO Kate Ryder Discusses AI in Business and Education
Kate Ryder, founder and CEO of Maven, discusses her company's aggressive use of artificial intelligence (AI) during an interview on the 'CNBC Changemakers' podcast. By August, Maven had nearly maxed out its full-year budget for AI initiatives, though she noted that a clear return on investment has yet to be proven. Despite this, Ryder is confident in AI’s transformative potential—particularly within women's healthcare, where data gaps have historically hindered progress. Ryder also shared her personal stance against relying too heavily on technology when it comes to education for children. She emphasizes the importance of reading and critical thinking as essential skills that cannot be outsourced to AI tools. Her views align with broader concerns about declining literacy levels in U.S. schools, especially after pandemic-related disruptions. While Maven has seen cost savings from administrative automation through AI—reducing some workstreams' costs by over 90%—Ryder remains cautious and pragmatic about the technology’s long-term impact on patient care.
